titan electronic systems ltd
titan electronic systems ltd Company Information
Group Structure
View All
Industry
Security systems service activities
Registered Address
spring house, 2 cheapside, middleton, manchester, M24 6DG
titan electronic systems ltd Estimated Valuation
Pomanda estimates the enterprise value of TITAN ELECTRONIC SYSTEMS LTD at £12.7k based on a Turnover of £29.1k and 0.44x industry multiple (adjusted for size and gross margin).
titan electronic systems ltd Estimated Valuation
Pomanda estimates the enterprise value of TITAN ELECTRONIC SYSTEMS LTD at £130.3k based on an EBITDA of £36k and a 3.62x industry multiple (adjusted for size and gross margin).
titan electronic systems ltd Estimated Valuation
Pomanda estimates the enterprise value of TITAN ELECTRONIC SYSTEMS LTD at £7.8k based on Net Assets of £3.6k and 2.17x industry multiple (adjusted for liquidity).
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Titan Electronic Systems Ltd Overview
Titan Electronic Systems Ltd is a live company located in middleton, M24 6DG with a Companies House number of 03708598. It operates in the security systems service activities sector, SIC Code 80200. Founded in February 1999, it's largest shareholder is george robert hobday with a 100% stake. Titan Electronic Systems Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £29.1k with declining growth in recent years.
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Titan Electronic Systems Ltd Health Check
Pomanda's financial health check has awarded Titan Electronic Systems Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £29.1k, make it smaller than the average company (£2.9m)
- Titan Electronic Systems Ltd
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.4%)
- Titan Electronic Systems Ltd
6.4% - Industry AVG
Production
with a gross margin of 25.9%, this company has a higher cost of product (36.6%)
- Titan Electronic Systems Ltd
36.6% - Industry AVG
Profitability
an operating margin of 123.6% make it more profitable than the average company (6.6%)
- Titan Electronic Systems Ltd
6.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
1 - Titan Electronic Systems Ltd
25 - Industry AVG
Pay Structure
on an average salary of £39.1k, the company has an equivalent pay structure (£39.1k)
- Titan Electronic Systems Ltd
£39.1k - Industry AVG
Efficiency
resulting in sales per employee of £29.1k, this is less efficient (£105.5k)
- Titan Electronic Systems Ltd
£105.5k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (65 days)
- Titan Electronic Systems Ltd
65 days - Industry AVG
Creditor Days
its suppliers are paid after 182 days, this is slower than average (46 days)
- Titan Electronic Systems Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Titan Electronic Systems Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Titan Electronic Systems Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (67.2%)
93.9% - Titan Electronic Systems Ltd
67.2% - Industry AVG
TITAN ELECTRONIC SYSTEMS LTD financials
Titan Electronic Systems Ltd's latest turnover from September 2023 is estimated at £29.1 thousand and the company has net assets of £3.6 thousand. According to their latest financial statements, Titan Electronic Systems Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 33,000 | 70,900 | 29,579 | 55,000 | 92,531 | 91,852 | 81,225 | 76,549 | ||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 15,960 | 15,200 | 4,659 | 9,897 | 42,596 | 40,096 | 40,579 | 24,543 | ||||||
| Gross Profit | 17,040 | 55,700 | 24,920 | 45,103 | 49,935 | 51,756 | 40,646 | 52,006 | ||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 1,766 | 1,264 | ||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -21,959 | -1,458 | -12,487 | -7,308 | 4,839 | 5,287 | 3,290 | 2,048 | ||||||
| Tax | ||||||||||||||
| Profit After Tax | -21,959 | -1,458 | -12,487 | -7,308 | 4,839 | 5,287 | 3,290 | 2,048 | ||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -21,959 | -1,458 | -12,487 | -7,308 | 4,839 | 5,287 | 3,290 | 2,048 | ||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 1 | |||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 58,464 | 2,546 | 2,546 | 2,967 | 2,995 | 2,853 | 3,853 | 3,566 | 4,458 | 5,572 | 5,015 | 5,572 | 6,191 | 6,879 |
| Intangible Assets | 56,625 | 56,625 | 21,004 | 36,125 | 36,125 | 55,000 | 76,000 | 73,000 | 72,000 | 80,000 | 72,000 | 80,000 | 83,500 | |
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 58,464 | 59,171 | 59,171 | 23,971 | 39,120 | 38,978 | 58,853 | 79,566 | 77,458 | 77,572 | 85,015 | 77,572 | 86,191 | 90,379 |
| Stock & work in progress | 500 | 500 | 500 | 500 | 6,000 | 4,000 | 6,000 | 28,820 | 23,252 | 22,208 | 31,108 | 26,000 | 37,000 | |
| Trade Debtors | 500 | 17,131 | 4,500 | 2,611 | 4,500 | 29,991 | 24,567 | |||||||
| Group Debtors | 33,000 | |||||||||||||
| Misc Debtors | 17,131 | 3,900 | 4,500 | 24,250 | 22,616 | 40,000 | ||||||||
| Cash | ||||||||||||||
| misc current assets | ||||||||||||||
| total current assets | 500 | 17,631 | 17,631 | 4,400 | 5,000 | 10,500 | 6,611 | 10,500 | 58,811 | 47,819 | 46,458 | 53,724 | 59,000 | 77,000 |
| total assets | 58,964 | 76,802 | 76,802 | 28,371 | 44,120 | 49,478 | 65,464 | 90,066 | 136,269 | 125,391 | 131,473 | 131,296 | 145,191 | 167,379 |
| Bank overdraft | 23,909 | 23,909 | 15,592 | 19,100 | 22,918 | 23,158 | 21,853 | |||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 10,788 | 19,645 | 19,447 | 25,862 | 24,833 | |||||||||
| Group/Directors Accounts | 25,662 | 24,000 | 2,200 | 12,000 | 79,000 | 87,830 | 68,000 | |||||||
| other short term finances | 10,000 | 10,000 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 350 | 350 | 3,065 | 327 | 800 | 1,250 | 1,500 | |||||||
| total current liabilities | 10,788 | 59,921 | 58,259 | 20,857 | 31,427 | 19,645 | 19,447 | 25,862 | 24,833 | 102,718 | 112,238 | 91,353 | ||
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 44,593 | 25,318 | 16,098 | 11,990 | 109,583 | 102,311 | 76,513 | |||||||
| provisions | ||||||||||||||
| total long term liabilities | 44,593 | 25,318 | 16,098 | 11,990 | 109,583 | 102,311 | 76,513 | |||||||
| total liabilities | 55,381 | 59,921 | 58,259 | 20,857 | 31,427 | 44,963 | 35,545 | 37,852 | 109,583 | 102,311 | 101,346 | 102,718 | 112,238 | 91,353 |
| net assets | 3,583 | 16,881 | 18,543 | 7,514 | 12,693 | 4,515 | 29,919 | 52,214 | 26,686 | 23,080 | 30,127 | 28,578 | 32,953 | 76,026 |
| total shareholders funds | 3,583 | 16,881 | 18,543 | 7,514 | 12,693 | 4,515 | 29,919 | 52,214 | 26,686 | 23,080 | 30,127 | 28,578 | 32,953 | 76,026 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 120 | 440 | 599 | 571 | 1,114 | 557 | 557 | 619 | 764 | |||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -500 | -5,500 | 2,000 | -2,000 | -22,820 | 5,568 | 1,044 | -8,900 | 5,108 | -11,000 | 37,000 | |||
| Debtors | -16,631 | 13,231 | -600 | 1,889 | -1,889 | -25,491 | 5,424 | 317 | 1,634 | -10,384 | -7,000 | 40,000 | ||
| Creditors | 10,788 | -19,645 | 198 | -6,415 | 25,862 | -24,833 | 24,833 | |||||||
| Accruals and Deferred Income | -350 | -2,715 | 2,738 | 327 | -800 | -450 | -250 | 1,500 | ||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -25,662 | 1,662 | 21,800 | -9,800 | 12,000 | -79,000 | -8,830 | 19,830 | 68,000 | |||||
| Other Short Term Loans | -10,000 | 10,000 | ||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | 44,593 | -25,318 | 9,220 | 4,108 | -97,593 | 7,272 | 25,798 | 76,513 | ||||||
| share issue | ||||||||||||||
| interest | -1,766 | -1,264 | ||||||||||||
| cash flow from financing | 21,959 | 44,287 | -2,492 | 2,168 | -7,543 | -19,756 | -26,533 | 141,978 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | ||||||||||||||
| overdraft | -23,909 | 8,317 | -3,508 | 19,100 | -22,918 | -240 | 1,305 | 21,853 | ||||||
| change in cash | 23,909 | -8,317 | 3,508 | -19,100 | 22,918 | 240 | -1,305 | -21,853 |
titan electronic systems ltd Credit Report and Business Information
Titan Electronic Systems Ltd Competitor Analysis
Perform a competitor analysis for titan electronic systems ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in M24 area or any other competitors across 12 key performance metrics.
titan electronic systems ltd Ownership
TITAN ELECTRONIC SYSTEMS LTD group structure
Titan Electronic Systems Ltd has no subsidiary companies.
Ultimate parent company
TITAN ELECTRONIC SYSTEMS LTD
03708598
titan electronic systems ltd directors
Titan Electronic Systems Ltd currently has 1 director, Mr Paul Meyer serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Meyer | 45 years | Oct 2017 | - | Director |
P&L
September 2023turnover
29.1k
-12%
operating profit
36k
0%
gross margin
26%
-49.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
3.6k
-0.79%
total assets
59k
-0.23%
cash
0
0%
net assets
Total assets minus all liabilities
titan electronic systems ltd company details
company number
03708598
Type
Private limited with Share Capital
industry
80200 - Security systems service activities
incorporation date
February 1999
age
26
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
m.a.r. services ltd (April 1999)
acrefaith ltd (March 1999)
accountant
-
auditor
-
address
spring house, 2 cheapside, middleton, manchester, M24 6DG
Bank
-
Legal Advisor
-
titan electronic systems ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to titan electronic systems ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
titan electronic systems ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for TITAN ELECTRONIC SYSTEMS LTD. This can take several minutes, an email will notify you when this has completed.
titan electronic systems ltd Companies House Filings - See Documents
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